Enterprise Bancorp (NASDAQ:EBTC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Enterprise Bancorp (NASDAQ:EBTC) in a research report released on Friday. The firm issued a hold rating on the savings and loans company’s stock.

Enterprise Bancorp Price Performance

Shares of NASDAQ EBTC opened at $42.45 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. Enterprise Bancorp has a twelve month low of $22.60 and a twelve month high of $44.41. The stock has a 50 day moving average of $41.24 and a two-hundred day moving average of $35.94. The stock has a market cap of $528.84 million, a P/E ratio of 13.61 and a beta of 0.54.

Enterprise Bancorp (NASDAQ:EBTC) last issued its quarterly earnings data on Tuesday, January 28th. The savings and loans company reported $0.86 earnings per share for the quarter. Enterprise Bancorp had a return on equity of 11.15% and a net margin of 15.30%.

Enterprise Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, February 10th. This is a boost from Enterprise Bancorp’s previous quarterly dividend of $0.24. Enterprise Bancorp’s dividend payout ratio is 32.05%.

Institutional Investors Weigh In On Enterprise Bancorp

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Enterprise Bancorp by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 492,405 shares of the savings and loans company’s stock worth $19,470,000 after purchasing an additional 8,238 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Enterprise Bancorp by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 376,137 shares of the savings and loans company’s stock worth $14,873,000 after purchasing an additional 9,203 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Enterprise Bancorp by 3.9% during the third quarter. Geode Capital Management LLC now owns 233,563 shares of the savings and loans company’s stock worth $7,467,000 after purchasing an additional 8,703 shares during the last quarter. State Street Corp raised its stake in shares of Enterprise Bancorp by 1.7% during the third quarter. State Street Corp now owns 200,176 shares of the savings and loans company’s stock worth $6,398,000 after purchasing an additional 3,257 shares during the last quarter. Finally, Siena Capital Partners GP LLC grew its holdings in Enterprise Bancorp by 9.7% during the third quarter. Siena Capital Partners GP LLC now owns 149,289 shares of the savings and loans company’s stock worth $4,771,000 after acquiring an additional 13,222 shares during the period. Hedge funds and other institutional investors own 38.93% of the company’s stock.

About Enterprise Bancorp

Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that engages in the provision of commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit.